MoneyTrac Technology, Inc., wholly owned subsidiary of Global Payout, Inc. (OTC: GOHE), looks to create “The New Age of Currency” by solving one of the biggest challenges that cannabis and industrial hemp public and private companies face today.
Cannabinoid’s derived from hemp and cannabis are still a schedule one drug under federal law which has caused banking woes for businesses involved in the sector. MoneyTrac Technology offers a full service solution for alternative banking with technologies that include payment platforms, Blockchain, Cryto-Commodity Exchange through its MTRAC-Token, POS, E-Wallet, Mobile Apps, and other digital payment solutions for these “high risk” industries.
MoneyTrac has joint ventured with ICCE (In-State Crypto Currency Exchange) to launch the MTrac-Token which is part of the company’s first Public Initial Blockchain Offering to accredited investors. Each token acquired will provide investors with 1/2 common share purchase warrant of MoneyTRac Technology and will be eligible to participate Management’s intended dividends within 24 months of purchase. For more on the MTrac-Token click here.
MoneyTrac also offers charges as low as 2.5% to high- risk credit merchants, whereas other merchants are charged an average of 7.5% to process their credit card transactions. MoneyTrac offers other ancillary services as well, such as business development, sales and marketing, and compliance support.
On January 3, 2018, Vanessa Luna was appointed as CEO of MoneyTrac. She gave this statement in the company’s press release:
“The time is absolutely now to charge forward with the goals and objectives that will make MoneyTrac the most recognized leader in financial technology, banking, and payment solutions for the underserved businesses of the cannabis industry. I am fully aware of the responsibilities and challenges that come along with accepting a promotion such as this, but I am confident that with the foundation we built for this Company in 2017, and with the many different ventures and opportunities we have loaded into our pipeline, that we are poised to gain the stronghold on this industry that we know we are capable of.”
You may be interested
Liberty Health Sciences to Bring Mary’s Medicinals Cannabis Products to MassachusettsSam Rosenberg - May 26, 2018
Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) announced this week that the company will expand the Company’s partnership with MM Technology Holdings, LLC to become the…
Top 5 Public Companies that Sells Cannabis and Industrial Hemp AgtechSam Rosenberg - May 25, 2018
Not every public company in the sector are involved in the cultivation and distribution of cannabinoid based products. There are a number of different companies involved in…
Thomas Jefferson University to Create Database to Track Medical Cannabis Patients’ Health OutcomesSam Rosenberg - May 25, 2018
Thomas Jefferson University in Philadelphia is in the process of developing a data base to register medical cannabis patients to study the positive or negative health benefits…